Written by Cláudio Afonso | LinkedIn | X
The European Union is preparing to revise its proposed tariffs on China-made electric vehicles (EVs) as affected companies shared more information in the last weeks, Bloomberg initially reported on Thursday.
In response to the tariffs announced earlier this month, China has threatened retaliation and has already initiated a targeted anti-dumping probe on pork imports. Additionally, Beijing has warned it could impose tariffs on agricultural goods, aviation, and internal combustion engine (ICE) cars with large engines.
The revised tariffs, which become now more detailed, says that EV producers in China “that cooperated with the investigation but have not been sampled will be subject to a weighted average duty of 20.8%, while firms that didn’t cooperate will face an additional 37.6% levy”, Bloomberg noted citing a person familiar with the matter.
These revisions reflect a more targeted approach compared to the initial blanket tariff proposal, distinguishing between companies based on their level of cooperation during the investigation.
In comparison, earlier this month, the European Commission announced automakers that did not cooperate with the EU investigation would face a 38.1% tariff, while Chinese EV manufacturers that have not been sampled will be subject to a 21% duty.
The context of these developments includes a closed-door meeting held on June 19, which involved representatives from European car manufacturers. During this meeting, China’s auto industry called on Beijing to hike tariffs on imported European gasoline-powered vehicles.
According to the state-backed Global Times newspaper, the meeting was orchestrated by China’s Ministry of Commerce and saw participation from major players such as SAIC Motor Corp., BYD Co., BMW, Volkswagen Group, and Porsche.
Industry leaders suggested that significant consideration be given to raising the provisional tariff on gasoline cars equipped with large-displacement engines.
Written by Cláudio Afonso | LinkedIn | X
